On October 7, 2010, we listed our ADSs, each representing five ordinary shares of Daqo New Energy Corp., on the NYSE under the symbol “DQ” in connection with an initial public offering. We issued a total of 9,200,000 ADSs at $9.50 per ADS in connection with our IPO.

We are a leading manufacturer of high-purity polysilicon for the global solar PV industry. We principally manufacture and sell high-purity polysilicon to photovoltaic product manufactures, who further process the polysilicon into ingots, wafers, cells and modules for solar power solutions.

As of December 31, 2022, we had 391.0 million ordinary shares outstanding, equivalent to 78.2 million shares of ADS.

As of December 31, 2022, we employed 4,099 employees, including 3,142 in manufacturing and quality assurance, 29 in purchasing, 449 in research and development, 10 in sales and marketing and 469 in general and administrative. In addition, we engaged independent contractors and temporary personnel from time to time. All of these employees and independent contractors are located at our facilities in Chongqing, Shanghai, Xinjiang and Inner Mongolia, China.

Deloitte Touche Tohmatsu Certified Public Accountants LLP.